Boston based insurance loss mitigation startup has raised a $4m Series Seed led by Bain Capital Ventures.
Corvus is starting out with the cargo industry, with a focus on promoting proper refrigeration for food and drug shipments. Eventually, it plans to help businesses with cyber insurance, by crunching Web traffic data, and auto insurance, by using apps to track driver behavior. Arthur J. Gallagher allowed Edmundson to build Corvus while he wrapped up his responsibilities there; he left the insurance giant last fall. So far, Corvus has hired at least a dozen people in Boston. Edmundson has a side hobby: He has been a bird-watcher for decades. His new venture will keep him busy, but at least he found a way to bring his two passions together. The name Corvus refers to crows and similar birds known for making tools to solve problems.